Vincent Joseph Galifi Sells 44,890 Shares of Magna International Inc. (MG) Stock
Magna International Inc. (TSE:MG) (NYSE:MGA) insider Vincent Joseph Galifi sold 44,890 shares of Magna International stock in a transaction on Thursday, November 30th. The stock was sold at an average price of C$71.99, for a total value of C$3,231,631.10.
Vincent Joseph Galifi also recently made the following trade(s):
- On Thursday, November 16th, Vincent Joseph Galifi sold 70,000 shares of Magna International stock. The stock was sold at an average price of C$68.02, for a total value of C$4,761,400.00.
Magna International Inc. (TSE:MG) opened at C$70.32 on Wednesday. Magna International Inc. has a fifty-two week low of C$52.63 and a fifty-two week high of C$72.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.354 per share. This represents a $1.42 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from Magna International’s previous quarterly dividend of $0.28. Magna International’s payout ratio is currently 15.14%.
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About Magna International
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.
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